u.s. company by market cap. of course we focus on apple as being the biggest best and greatest but hey google is right up there. with moves we have been seeing and all-time high yesterday, simply worth noting -- certainly worth noting that not only the stock doing well but market cap. the nasdaq by the way the worst of the bunch down 1 full percentage point. back to you. connell: nicole thank you. live pictures here in new york city. the protesters gathered outside the united nations. this as the iranian president ahmadinejad set to address the u.n. inside.

joining us is a senator. what do you make of the fact he's speaking today? here's ahmadinejad on the world stage. >> he's obviously trying to get attention. this guy is reviled by most of the people in the world. the only good news i can say is this is probably his last appearance on the world scene at least as far as new york is concerned. trying to figure out what this guy -- this guy is doing is something hard to figure except he's always looking for attention. one of the problems is right now many times we mistake infamy for famous. this guy is infamous, not famous. connell: i want to talk to you a little bit about -- >> he's on his way out. connell: i want to talk to you a little bit about how this is affecting and foreign affairs are affecting our presidential election. as a democrat president obama

receiving a lot of criticism for not meeting this week at the general assembly at the u.n., in front of world leaders. what's your view on that? do you think he should have? >> look, we're in that season; right? we're in the season where whatever you do, the other side is going to do it wrong. there's no real problem between our government and the israeli government. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair.

he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say look at the unemployment rate under president obama how it's stayed above 8%, this is quote unquote our year, we should be able to do it. you look at the polls, there's a big lead for president obama in at least one of the polls. but again high unemployment, are you surprised the polls have swung as much as they have in these key swing states to president obama this year? >> i'm surprised by anything that happens in politics especially presidential politics. i have been saying from a year now, if on election day people go in the voting booth and say

this is a choice between president obama and the republican candidate, then the president will probably win. if people go into to the polls on election day and say this is a referendum on the last four years, then president obama would probably lose. what's happened over the last several months is more and more people are being to question the credentials of romney and therefore it turns into a choice and i think in that case the president is doing very well. i never expected to see a poll in this election that says the president is able to handle the economy than the republican challenger. that's what we've got. that looks very good for the president. it's not over yet. connell: i doubt that he's up as much as it says in some of those states or that he will win in all of those states. >> i was going to say the numbers are pretty widespread and consistent. anything could happen in the next 40 days, but if i were the romney campaign, i would be very concerned about those numbers in

ohio, pennsylvania, florida, michigan. they're very scary numbers for governor romney. connell: thank you senator. i was going to say he may not win ohio by 10 but the trend has been in his favor. thank you senator for joining us. >> thanks for having me. dagen: senator, thank you very much. unrest and protests happening over there, we can take a look at pictures coming out of greece today, more money flooding into our markets right here. joining us now is kevin flanagan chief fixed income strategist at morgan stanley wealth management. kevin of course i'm talking about u.s. treasuries, one of the safest assets you can find around the globe. do you think a rally in treasuries will continue and how low will the yield go on the ten year? >> i think what you are seeing is the afterglow from the fed's qe 3, ecb.

that safety trade comes back in which is why we were close to 1.90 after qe 3, now close to 160. -- now close to 1.60. >> by the end of the year, where do you expect the yield to be on the ten year? >> some key uncertainties will go by the boards. the election, you may be getting a better handle on the fiscal cliff. i wouldn't be surprised if we make this one last move down, and you look at a ten year that's closer to 2%, than 1%. dagen: in terms of the markets and i mean the fixed income market, the treasury market, does it matter to investors who wins come november because we have built up this 16 trillion dollars debt? we are facing having to deal with spending cuts and tax increases at the end of the year. is so much of that already baked in that who wins november doesn't matter so much? >> yeah, i think there is some truth to that, but i do think the market at least in a

knee-jerk fashion, if you were to get a republican sweep, i think there will be this negative reaction in the treasury market that there will be a short honeymoon period where the expectation will be things will get done, we will see perhaps some uncertainty removed. when you remove uncertainty, that's not good for treasuries. dagen: not by any stretch of the imagination. in terms of what you have seen happening in the ten year, how much does the federal reserve get credit for that and what it is going to undertake because again you have charles plosser of one of the fed banks kind of shooting down what the central bank is doing? >> you know, i mean it is interesting, if you talk i think to chairman bernanke, he will tell you that the fed has played a role in bringing treasury rates down, but, you know, i think it is more of a safety trade, sort of coincidence that the fed had been buying at the same time this has been going on. qe 3, buying agency mortgage backed securities, not treasuries.

dagen: right. would you add to treasuries here kevin? >> no, i don't think so. i think right here i'd probably be a better seller. dagen: it was great to see you. short and to the point. we like it. and talking about yields at the same time. kevin, thank you very much. connell: big question this week, housing some data that's come out is really finally getting things turned around, we will try to get the hard truth about the real estate market and what you should be doing with your home right now. dagen: and hillary clinton's tax proposal, going after the wealthy around the world, judge napolitano, he was supposed to be here yesterday, but he is here today. you can probably hear him now up stairs like 15 floors away. well, let's hope. he will be here shortly. first a look at the oil markets.

connell: make some money here with our friend charles payne. dagen: sharing some insight on the markets in europe. charles? charles: we are talking a lot about spain and dpregreece -- a

greece, but the european news, the biggest cautionary tale comes out of portugal. 78 billion euro bailout. they have a center right government. they put in this plan to spark job creation, but because of all the riots and uproar, they are not going to do it. here's the thing, what they wanted workers to do, they wanted workers to contribute 18% to social security. right now it is only 11%. they wanted businesses which now contribute to a general welfare fund 23.75% to go down to 18%. the idea would be to use their other money to hire people, you know, and again -- connell: an uproar. charles: an uproar. talking about country with 16% unemployment. this is why i get nervous when i see this because in a center right government in a place with 16% official unemployment can't make these kind of changes tells you there's a tipping point where you can't come back. for america we have the wonder about that as more and more

people are on welfares and food stamps and long-term unemployment benefits, more and more people on social security disability. connell: don't you think the culture here is a little bit different? charles: that was always the difference between america and europe, i don't know if that's in place anymore. it feels like it is beginning to fade. dagen: i don't believe that for a minute. i think people want to work and better themselves and move up in life. charles: i think majority of americans do, but i do believe more and more say okay i will enter into this -- connell: this is the eternal optimism center here, dagen and connell. charles: i'm an optimistic guy but when red flags are up, we have to pay attention. dagen: that's the exact conversation i had with my mom

over the weekend. come back and we will talk more about it. thanks charles. now nicole with the stocks. nicole: taking a close look at barnes & noble which is doing well today, and that is on the heels of their new nook. we're talking 7 inches, 9 inches, high def and it competes directly with apple for one. barnes & noble is unchanged after having earlier gains, but it is all about the tablets, all about how people are receiving the new nooks and the high def and saying that the apps are actually quite easy to flow through from one app to the next. it is getting some positive commentary. we will continue to follow it very closely. as far as the big picture on how the markets are faring, drug stocks are lower, bank stocks, retailers as well. dollar continues to be strong. commodities selling off. oil down below $90 today at 89.33. these are a few of the things we are looking. the dow is down 25 points.

back to you. connell: airlines in the united states bringing in record 1.7 billion dollars in baggage fees during the first of the year. it's the largest amount ever collected in a six-month period. bureau of transportation reporting that delta collected the most. close to 30 million dollars from delta in fees from january to june. wells fargo the latest big bank to hit with cyberattack as we look at some banking stocks today. this is the same group that last week disrupted websites for bank of america, jpmorgan chase and citi that is claiming responsibility in retaliation for what it calls -- talking about the anti-muslim film, that's gotten so much attention. the group has said it will attack u.s. bancorp today and pnc on thursday. dagen: the romney ryan tax plan, who does it help the most? who better than to break it down than bret baier. connell: nobody better.

our next guest thinks he can change the entire process of selling a house. he's going to join us coming up in a few minutes. but we have some of the currencies here around the world and how they are performing against the dollar. hmm, it says here that cheerios helps lower cholesterol

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>> at 21 minutes past the hour, i'm juliet huddy with your fox news minute. thousands are voicing their anger in the streets outside the u.n., as iran's president speaks there. last speech to the world body as he finishes his second and final term as president. singer and tv host andy williams has died at the age of 84 from bladder cancer. his publicist says he died last night at his home in branson missouri. his version of moon river made him world famous. finally rolling stones fans here's a chance to get a piece of history. next month stone's guitarist and his ex wife are teaming up to auction a shared collection of rock and roll memorabilia, among the items, leather jackets paintings and old backstage passes. valued between 300 and 500,000

dollars. those are your news headlines on the fox business network. i'm juliet huddy. now to connell. connell: thank you. we're going to talk about housing in a moment. new home sales data today falling slightly in august, but home prices did go up to a five-year high. so as we bring in our next guest, keep in mind that he's trying to speed up the entire process of selling a house. first with austin allison, ceo and president, from san francisco. let's talk about the market more generally. we've had this discussion, whether it's from case shiller or all these other data points where people are saying finally we're starting to maybe see a bottom of housing getting turned around. what's your view? >> i think it's clear we have seen a bottom. we are optimistic. inventories are low. prices are going up. going up at a pace that's higher than we have seen in a long time. very bullish about the real estate market. connell: give me some insight in terms of how it breaks down, not

necessarily market by market, but which types of housing markets are doing better and outperforming others? >> sure, for us we're in the technology solutions business, and we serve real estate agents to help eliminate friction in the transaction process. we have actually seen -- we started the business in 09 which was a low point for the real estate climate so we ironically actually saw more growth early in on in some of those midwestern and central markets. here recently as the market has gotten better across the board, we've seen growth in all the areas that you would expect, the californias, the floridas, the phoenixes, all those markets that had suffered from lower prices and have been on the rise quite heavily here recently. connell: so everything, just about everything in your view or from what you have seen has now bottomed out and turned around. all real estate is local. but you say everybody is on the up. >> that's right. and the funny thing is now we're seeing the reverse in some of these markets that have

overcorrected in to the seller market territory, california is a good example of that. and we saw it in august with the california numbers which has been reflected now in the domestic numbers more broadly. here in september. but some of these markets out there are intense sellers markets, and there's inventory numbers that are in the two month range which we haven't seen in a very long time. connell: seen some of these consumer indicators turn around a little bit and talk about just about every day especially in the view it takes into account the presidential election and everything else. let me ask you -- you started to talk about this a second ago. i wasn't that familiar with your company before you came on, dotloop, you do what exactly? more making things easier for people? >> we're a collaborative work space that connects people and documents in real-time. what that means for agents and buyers and sellers is we facilitate a more seamless or purchase or sale process and we

eliminate the faxing and e mailing and redundancies that exist. as we go into the territory that's more of a seller's market, it is more important than ever that choke points are eliminated from the transaction, and that's ooh whae with do. -- and that's what we do. connell: just get rid of fax machines finally; right? austin allison from dotloop, we appreciate it. >> thank you. dagen: the romney ryan tax plan, who wins and loses? bret baier is here to tell us about it. connell: but first some winners toid on the s&p 500. -- today on the s&p 500. here they are:

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together we'll go far. connell: breaking news here in new york city at this hour. it is mahmoud ahmadinejad the president of iran speaking inside the united nations to the general assembly. he's -- you know, as you see at the bottom of your screen, international policy of bullying, new world order that he's been talking about for some time. just moments ago wrapping up a speech outside of u.n. where protesters have gathered was the former mayor of new york city rudy giuliani. a lot going on in new york today. we will keep you updated. dagen: in the next 30 minutes everybody, the winners and losers in the romney ryan tax plan. and hillary clinton says the world's wealthy should pay up -- pay even more. judge andrew napolitano is back and we promise to get to him, barring any breaking news. oh, no, we're going to get to him.

and russia is concerned about a french study showing genetically modified crops in the u.s. can cause cancer. connell: now to nicole at the bottom of the hour. nicole: nokia is the stock we're going to talk about. it is down 4.8% right now at $2.57 a share. the rumor to be in the process of filing a lawsuit against htc another phone company in order to have the company windows 8 phone banned in a number of markets which has a striking resemblance to nokia's phone, which also runs on windows 8. this at the same time bmo capital markets trimmed their numbers on nokia now, maintaining a $2 price target. that's why you are seeing the stock down nearly 5% today. as far as the broader markets right now, down arrows across the board, concerns about europe continue to loom and weigh on this market as you have stronger dollar.

the dow is down 22 points, tacking on to yesterday's losses. connell: thanks nicole. connell: rich edson is in d.c. with what would be cut and stay in with the romney ryan tax plan. rich: governor romney wants to cut all current income tax rates by 20% and in order to avoid adding even more money to the national debt, the campaign says it will cut rates in exchange for eliminating tax deductions. in a fox business exclusive, romney running mate paul ryan says that tax plan would mean a president romney would pay more in taxes. >> here's how it works, higher income people can use lots of tax shelters to shelter some of their income from taxation. more of their income is subject to taxation, that allows to us

lower tax rates for everybody. rich: some families and businesses will pay more because there would be fewer deductions. others would pay less with lower tax rates. in theory it is all supposed to balance out. among the more popular tax deductions and exemptions for the cost of workers health plans interest on home mortgages, retirement plans, and giving to charity, these are the more popular, and there are many more, and the romney campaign will not say which ones. back to you. dagen: if some people are going to pay more taxes, you are going to raise the taxes on those people? rich: you are not going to raise their tax rates but raise their effective tax rates. if you have a a big generous tax

deduction that goes away to pay this thing, you personally will pay more taxes elsewhere, it allows lower rates. and someone to pay less. in the end you are shifting things around, same amount of money, people pay more and pay less. the argument is will lead to more economic growth. dagen: fair enough. thank you very much. let's bring in bret baier to talk about the political impact on all of this. host of special report on fox news channel joining us from washington, d.c. hey bret, good to see you. >> hey dagen good morning. dagen: we talk about it here on the campaign trail, does this plan connect with voters for mitt romney and paul ryan? >> not yet it doesn't because in part they haven't, one, explained it very well; two, defended it very well. there have been ads after ads after ads in these swing states, in these battleground states essentially saying that middle

class families are going to pay $2000 more a year. and there has not been any pushback that i can see. any pushback from the candidate, either mitt romney or paul ryan. or in a campaign ad specifically on this tax policy center analysis. now, the heritage foundation has a very detailed pushback in which it says that the tax policy center is off its rocker and that essentially that it is as rich said cooking the books because it is choosing which deductions and credits are on the table and off the table in its analysis and that mitt romney's plan when you deal with congress could eventually get to the point where you get to the number needed to keep it revenue neutral. and you can get there. but the tax policy center doesn't and so they get to the point where well you can't get to the number so he's going to have to raise taxes on the middle class. dagen: why aren't they fighting back with ads?

>> i have no clue. i mean i really have no chlue. i think a lot of republicans are saying the same thing. we are one week away from the debate in denver and there will have to be some pushback because you know the president will be armed with that very tax policy center stat. dagen: some people are talking about the debates that this is where the hail marys need to happen for the romney campaign, looking at some state polls, swing state polls, romney is falling behind, and the one thing that should be his strongest suit and that's his effectiveness on the economy, looking at ohio and florida. >> i mean, frankly a lot of analysts looking at this are saying it is because of bombardment of these ads from the very beginning, about bain capital and him being a corporate, now the 47% video and the ads about that, and these ads about raising taxes on the middle class. i mean, frankly, it's this

bombardment and this constant focus on the battleground states that the obama campaign has done very well. the romney campaign does need to turn around. he does need the debates to go well. is there time? yes. 41 days you can turn the ship around. but he will need to articulate it pretty well. the funny part about it is the president's own deficit and debt commission recommended something similar on tax reform, bringing down all the tax rates, expanding the base and eliminating tax credits and tax loopholes. dagen: ronald reagan, he did it. and then congress messed it up. bret, it was great to talk to you as always. thank you very much. please everybody -- well i know you all watch bret at 6:00 p.m. eastern on the fox news channel every night. if you don't, well, there you have it. you know what you will see tonight and every night. thanks bret. >> thanks. connell: hillary clinton, with some comments with higher taxes on rich people around the world,

not just here, everywhere. we will talk to the judge andrew napolitano and get his thoughts on that. dagen: do you want to take a look at the treasury markets too? connell: i guess. dagen: we did a whole segment on treasury yields. here you go.

connell: time now for your fox business brief. take a look at shares of american greetings today, they have been surging. the company received a go private offer from a group led by a ceo. look at that 16%. the offer 17, 18 a share values at american greetings at 580 million, 16.70 today for the company. says it will form a special committee of independent directors to consider that proposal. different story for this next stock today, getting hammered almost 10% lower after fourth quarter profit fell short of estimates. the company also lowered its first quarter earnings forecast to 62 cents per share which is below estimates and revenue expectations also falling short. and the price of gold could hit $3,000 in the next two years according to bank of america merrill lynch. analysts says the rally likely to gain strength over the long-term. back with more, markets now, in a moment.

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on the close of the european markets for the day. ashley webster all over it as always. he's with us in the newsroom. ashley: rough day for european markets seeing the biggest drop in two months as worries about spain and greece have led to basically a broad drop across all sectors, especially among the financial sector. at the closing bell, here's what it looked like, the ftse off 1 1/2%. the cac in paris down nearly 3%. the dax down 2%. by the way, the italian and spanish markets down by more than 3%. the pressure really starting to go up on spain. the yield on the spanish ten year note hitting 6% for the first time in a week. meantime anger at austerity measures well spilling on to the streets. thousands of protesters surrounding government buildings in central madrid, pulling for the resignation of the prime minister. it's been a similar story in greece as you see here where police clashed with protesters. i think we have the video.

in central athens, general strike and antigovernment rally turned violent. everyone from teachers to shopkeepers to car mechanics taking to the streets upset over new austerity measures. it doesn't matter what video you are showing, it is pretty much all the same. connell: every day of the week. ashley: yeah. dagen: we don't even have to identify it. thank you. ashley: we don't. dagen: somewhere on the continent, across the pond. thank you. hillary clinton wants to tax the elite around the world. the secretary of state making those remarks at the clinton global initiative where she said there are rich people everywhere. and they do not contribute enough to the growth of their own country. connell: well the judge is here. judge andrew napolitano, fox news senior judicial analyst in a segment that's been teased for the last two days. people have been on the edge of

their seats -- [laughter] connell: judge had a scheduled conflict yesterday. dagen: twitter was blowing up. connell: they said what is the judge going to say about the hillary clinton story? >> the problem is not that taxes are too low, it is that they are too high. it is that the government is taking too much money and that money is not available for investment in the private sector. hillary clinton must know this. she must understand economics 101. i think she's doing some bidding for her boss so he gets re-elected even though she probably hopes that he doesn't win, nevertheless, she is a part of the team like her husband is a part of the team. but if she is suggesting that some international authority, like the u.n., could levy taxes on elites depending on how you find them all over the world, that would violate the constitution with respect to americans. so i don't know that she's going that far. but when she says elites don't pay enough taxes. if you define an elite, as a person who earns a million dollars a year or has a million

dollars in assets, those folks pay 50% of the taxes, so i don't know where she's getting her figures from, and i don't know where she's getting the legal authority from to make this absurd argument. dagen: what scary in some nations you have a wealth tax which is a tax on wealth, not on income, not on realized gains from any investments, not on dividends, it is just taxes what you're worth. france has one, but it doesn't raise any money. >> correct, either it won't raise money or people will leave the country, or it will reduce the number of people who are wealthy. for every dollar that the government takes from any person, that's a dollar less available to invest. government loses money. investment makes money. it's pretty basic. hillary clinton must know that. therefore, she's cooperating with the people in chicago that's running the president's campaign. dagen: so many people would move to bermuda if something like that happened. >> could you imagine the

reaction in this country if you got a tax bill from the u.n.? they can't hold a meeting without clogging the streets in new york city let alone tax us. connell: it was rough this morning. thanks, judge. let's bring in nicole in with stocks now every 15 minutes. she's back on the floor of the new york stock exchange. nicole: thanks guys. let's take a look at some movers. every 15 minutes we go into the markets here and take a look at movers and give you the latest on the markets overall. the dow is coming back off its lows. but hewlett-packard is hitting a new 52 week low, lowest level in nearly 10 years, charted it back to 03 and a quick look. research in motion, a lot of positive comments about the new blackberry 10. also more subscribers for blackberry overall, up to 80 million from 78 million, that was good news. doing well with low end devices. apple, 664.34, obviously not

near its all-time highs. american greetings talking about maybe taking the company private. up 16%. it would be at a 20% premium. that's why you are seeing that big pop like that. back to you. dagen: thanks nicole. is halloween going to the dogs? yes, it is. spending on pet costumes mostly for our cute canine friends is expected to hit record high of 370 million bucks this year, that's up b 20% from last year -- up about 20% from last year according to national retail federation. of these people claiming to celebrate halloween this year, 15% will dress up their pets. and i'm not above that. take a look at -- there's ramon. it's a flannel -- it's a red flannel, christmastime. connell: trick or treat. dagen: you know what? that lasted for about 2 seconds before he completely chewed it

off, because he's a little man -- connell: he's a cute dog. dagen: you have never dressed up with your kids? connell: they dress up all the time. oil has actually dropped below 90 bucks today. we will go to sandra smith to get a report on that. dagen: crude is a loser, but how about some winners on the nasdaq? [ male announcer ] let's say you need to take care of legal matters.

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connell: we are back here with more bad news for the corn industry. russia now suspending the import and the use of genetically modified corn from the biotech company monsanto. the country's institute of nutrition in russia has been asked to review a study from a french university that claimed the corn may be linked to cancer. now, monsanto's stock is down by almost 1% in today's trading. dagen: oil prices fell below $90 a barrel today for the first time since the beginning of august today. connell: sandra smith is standing by on the floor of the cme with the trade. sandra? sandra: hey guys, take a a look at the oil prices right off the bat here, looking at a drop below $90 a barrel and that

level holding after we got the key inventory report from the government. remember, this is a pivotal level to drop below $90 a barrel. i was talking to an analyst this morning who watches this market very closely, he does call 90 a pivot level and a drop below there could bring more bearish sentiment into this market. here's the inventory numbers that changed -- that changed that number this morning. that drop was not expected. a build was actually expected for crude oil inventories, but here's the bearish point about that, guys. overall supplies are still 7% higher of crude oil than they were the same time last year. we're still not using as much of this stuff as we were just a year ago. that's what continues to push those prices down. and on this drop below $90 a barrel, the energy management institute says that, the markets are coming to the reality that qe 3 in the u.s., more qe in u.k. japan as well as the ecb

bond buying program are not likely to result in a major growth spurt. a ninth straight week that we did see inventories of gasoline. natural gas, directly tied to cooler weather setting in. natural dpas gas -- natural gas prices getting a spike as well. back to you guys. dagen: thank you sandra. a quick sports update for you. on the green bay packers flight back following their controversial loss to the seahawks on monday night, packers player tj lang said some players debated going on strike

or taking a -- [inaudible] -- if the replacement ref issues is not resolved. denver broncos coach has been fined $30,000. his defensive coordinator 25 grand for publicly criticizing officials. washington redskins offensive coordinator kyle shanahan was hit with a $25,000 fine for berating. and new england patriots coach is expected to be fined today for grabbing a referee's arm. here are my arms crossed and not turning the television on to watch any nfl games until they bring the referees back. connell: what will one woman's protest -- dagen: don't care. i can't give like hours of my life to watching some game like monday. and it ends like that. connell: you do devote a lot of time to watching cars go in a

circle. dagen: that's different. connell: it is different all right. more on those protests that are happening here and there. there's the national strike in greece that has people today clashing with the police. dagen: and in new york thousands voice their anger against iran's president as he addresses the united nations. cheryl and dennis will find out what investors are watching when we come back. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay ale... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

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nature valley trail mix bars are made with real ingredients you can see. like whole roaed nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. you were in the market to move on. be. yes, they do. it is like grotesque day. they are going crazy in the studio. dagen: absolutely.

dennis: i am dennis kneale. cheryl: i am cheryl casone. project here and abroad. a national protest has people crashing with police. dennis: it is time to brace for the fiscal cliff. how the big money guys are protecting themselves from physical dim on capitol hill. cheryl: another america bank under cyber attack. right now, it is exactly the top of the hour. stock now. the soundbite from dagen today, market move on, but where are we going? nicole: it is hard to say. we are down for the fourth day in a row for the dow jones

industrial. if you notice, right there at the top of the shell, turmoil in greece once again. you have the euro lower. the dollar is strong. that puts pressure on equities and commodities. that puts oil below $90 a barrel. hewlett-packard hitting a new 52 week low. alcoa, cisco, united healthcare. how about the financials? bank of america. they are so sensitive to these headlines. the banking index has a down arrow. some of these financials with down arrows as well. dennis: thank you very much. protests in new york and across europe today. politicians in foreign policy leaders gathered to protest the speech by president mahmoud

ahmadinejad. anti-austerity protests turn violent in greece. police used tear gas and pepper spray. protest through molotov cocktails. the spanish government is set to fix the government debt problem. teddy parrish joint me now for his take on the turmoil. aren't they tired right now about wearing about eight meltdown in europe? >> i think we understand the risk. we have adjusted our portfolios. they are in the fifth year of a recession in greece. why don't they stay alone. it is inevitable that they will jump out of the eu. it is just how we get to that point. it will be chaos for the market

when it happened, but i do not think it will be the end of the world. no one in their right mind will lend the money if they don't take some austerity. dennis: . that is like 130% of their entire economy. flight of the people in greece. it? austerity is required. >> that will not make anything -- dennis: private investors then too afraid of a meltdown in greece, which has an economy for size of connecticut. stocks overall theme to be trending upward despite constant worries that greece will collapse. >> i do not think greece is the

problem. spain is a huge problem. draghi came out with his big bond buying scheme and that was a sigh of relief for the market. there is a lot of relief that needs to be done for the market. spain will get a whole lot worse before it accepts the bond buying. no one is worried about greece. it is a bigger euro zone that everyone is worried about. dennis: when will this actually in, teddy? finally it has stabilized, i do not have to worry about that anymore? >> that is a question i do not have an answer to, dennis. i will always worry. i only own one right now. i have not really worried about it from that perspective. dennis: it is hard to believe

any u.s. bank would not already be hedged against meltdown in europe. writing in the streets over there. what are the chances you think that happened in the streets over here? >> it is right around the corner. we will have some protest. i do think we are in a better position. we are in a huge economy. we grow every year, well, not every year, but we have industry. we are not locking industry like grief. dennis: we cannot stay down forever, teddy. thank you for being with us. teddy parrish. cheryl: the roundtable announces third-quarter economic results.

a further downtown and expectation for the next six months. half of cfos are more pessimistic about their company's prospects this quarter. 47% of cfos are pessimistic about the quarterly results. government policy, possible changes to taxes and regulations and the fiscal cliff are all issues. larger companies are not the only ones wearing about the affects of the fiscal cliff. small businesses are as well. mike emmanuelle has the story. >> they are holding off until they have more certainty and confidence that congress and the president will not raise their taxes. >> small businesses are on the sidelines. clearly, not inclined to invest

now at least until they see what will happen between now and the end of the year. >> if there is any business model that exemplifies the american dream it is franchising. however, our prospects for growth are slipping. >> they hope to reach a short-term deal to get some certainty until the next congress could get an overhaul. they are out on the campaign trail. cheryl: how much do congress and the president need to work out to address the uncertainty we met many people think it is just the bush tax cuts. it is a huge list of items now. the estate tax. that would kick back in. you have capital gains and

dividends. social security payroll tax would jump back up. then you have deduction and credit that are at risk. standard on employment benefits. of course, medicare. >> i am not confident at all. the house has done its job, on both the stock ledger and the looming tax hikes that will cost our economy jobs. the senate at some point has to act. >> continue at the middle class tax cut if the senate passed. it is much too early to give up. i will not give up. >> if they give up or fail, concerned that it could lead us to another recession. cheryl: they have to do something. obviously, they know it. mike, thank you. dennis: russia says keep your

corn. the country concerned about a friend study that genetically modified crops in the u.s. cause cancer. cheryl: you are forking it over by the billionth when it comes to the baggage fees that airlines like to charge. let's take a look at the oil contract. below $90. 89.55. we will be right back. ♪ i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved.

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♪ cheryl: it is time to make money with trial spain. he is following up on a stock, he is bravely following up on a stock. charles: tessler got hammered pretty good yesterday. the company knows they have to raise money to get to where they are trying to go. there were definitely be bumps in the road. cheryl: let's bring out the warning with sales and production. charles: they are raising money. again, you know, it is a brand-new product.

i think people think that thing will happen. one thing you have to understand is that this is one of the stock that has a gigantic perdition. today it is 59%. they have a lot of friends in powerful places. there will always be negative articles. can they have a network of charging station? spending millions of dollars to get the natural gas stations across the country. to get congress to act. they will not act on that. how long will it take for them to get past the learning curve? elon musk himself, this guy is going spacex, those are the three legitimate things as opposed to, you know, a brand

new company having some growing pains. dennis: what about a rope from the cautious guy? charles: a lot of people bought a $100,000 car. it bothered the big boys are getting out. toyota says they are not doing it. the volt is not working. maxim security is a smaller firm. raising their target on 50. two rational investors, i would say $26.90. [ talking over each other ] charles: a lot of smart people think this will work out eventually, be aware of a bumpy ride. cheryl: i like you aren't on. -- i like that you are sticking by its side. nicole: the dow is almost

positive. right now down half of one point. let's focus on the consumer stock. some of the names that have managed to squeeze out games here include, by the way, that is supposed to be tyson foods. that is why you see a down arrow. consumer stocks will still be very resilient regardless of the tough economy, regardless of words about europe or even here at home. those are the names that do well. netflix, family dollar, clorox. those are some names doing well. if i talk long enough, maybe the dow will get an up arrow. there you go. it is now positive. the nasdaq down over one half of 1%. cheryl and dennis. cheryl: thank you. dennis: the price of corn. it is taking a hit.

let's go to the chicago. to find out why. phil flynn is there. >> we are seeing corn going down. the rest of the commodity complex has been a crush. concerns about spain taking over a lot of market. that is not really what the grain traders are talking about. they are talking about this russian grain than on monsanto corn. it could cause cancer it is what are saying. a lot of traders are laughing it off. they said that this has been tested over 100 times. this is the first time a study has shown any signs of giving someone cancer. they are not buying it right now. they are not worried about it. very bearish on court today. there has been some unconfirmed reports of an refinery explosion

in canada. we have only heard it from local radio reports. it is impacting the price. they were under pressure with crude. this is one of the few other refinery mishaps that we have heard about this morning. this latest one is getting the shorts to cover. our bob of today. dennis: thank you. cheryl: what did disasters like last years tsunami in japan mean for insurance? we will tell you where the money is actually flowing to. dennis: back with us in just a few minutes -- meanwhile, this is how the world currency is faring against the u.s. dollar today. ♪ [ male announcer ] the markets keep moving.

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♪ >> at 22 minutes past the hour i have your fox news minute. president mahmoud ahmadinejad says the country is under threat of military action. a clear reference to israel thing that both are designed to

force nations into submission. thousands of protesters protested outside. two massive explosions in damascus today. the car bomb killed four military guards while injuring others. the two plus came ten minutes apart and were followed by several hours of gunbattle. that is, singer and tv host andy williams has died at the age of 84 from bladder cancer. he died in renton, missouri. that is your fox news minute. i am juliet huddy. cheryl: i have been singing that all morning. reporting the 2012 first-half results. john nelson is the chairman and joins me now. quite a big change.

quite a big change for you with the numbers. obviously no tsunami, fires or flooding in thailand, anything else that you did on the business side to really turn things around for the company? >> well, these results, frankly, are not of any surprise. 2011 was the worst catastrophe year for lloyd, second for the insurance market in history. a loss of 700 million in the first half of last year. that was a rather modest loss considering the impact. if you look at the numbers, we have basically catastrophe losses of about 300 million which plays 3 billion in the first half of last year. this is only half year. remember, in seasonal terms,

lloyd biggest catastrophe exposure comes in the second half of the year. cheryl: let's talk about a couple other things. last time we were talking about vision 2012. you are talking about -- excuse me, 2025. thank you very much. you were talking about the vision for the company in the future. one of the things he told me you want to really expand to growth economy. your biggest market is the united states right now. what is next? what economies are you looking at as far as growth opportunities? >> basically, at the moment, 40% of our business is the united states, 20% uk, 16% europe and the rest is the rest of the world with a fairly heavy english speaking bias. [ talking over each other ] cheryl: china, india, rozelle

maybe? >> southeast asia. parts of eastern europe like turkey and poland and south america. clearly. cheryl: you ensure everything from oil rigs to bridges to celebrity body parts. it has to be really difficult to value the risk that your underwriters are valuing. >> well, the area which is encompassing the largest risk in terms of size would be the sort of risk we ensure which is consequent window for earthquake. geographic, geological issues. climatic issues.

i believe that we have the finest selection of underwriting skills in the world right here in london. cheryl: john, it is always great to see you. congratulations. thank you very much. we will see you soon. dennis: philippe cousteau fund is up 5%. the dow of only 1% in the same time span. he will join us next. cheryl: wells fargo, the latest bank to get hit with a cyber attack. take a look at some of today's winners over on the s&p as we head to break. ♪ -[ taste buds ] donuts, donuts! -who are these guys?

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♪ dennis: 30 the hour. stocks every 15 minutes. nicole: we are talking about a replacement in the s&p 500. kraft recently left the dow jones industrial average. united healthcare went in. now we will look at a change on the s&p 500 did kraft foods group will replace a natural resources in the s&p 500. that is after they left the dow. a natural will go into a smaller s&p index. going into the s&p, the mid-cap index. that will be interesting to

watch as well. it has been an underperforming. it will be a big move for kraft as well. they have to exactly duplicate that average. those 500 stocks would give thought. thank you. cheryl: nicole petallides, we will see you in 40 minutes. joining forces with clinton global initiative. philippe cousteau cofounder biz five. we have been on this journey. it is up 5% since you are here and made. >> yes, we are very excited about it. on sunday year with president clinton. you are making your first charitable commitment. >> the fund was designed to be an etf with a mandate that would

hopefully be successful and has been. a percentage goes into charitable foundations. we announced the project supporting healthcare initiative , a hospital in congo. cheryl: you will be funding solar panel construction on top of this hospital and again this is from the fund. really, this is where you want to take the fund? this is the first up for you in many projects that you want to do, not just with president clinton, but with other dignitaries as well. >> absolutely. this is just looking how we use wall street to affect things positively. this hospital in congo is world renowned for women who have survived sexual elements. there will be solar panels there to give them free renewable reliable energy. cheryl: this is adding to other

things you are doing. you are traveling around the world. you are doing all of these documentaries and shows. you are really going out there and pushing it. this is your first time in finance. what have you learned? >> one of the things i am most excited about, because it is totally different, and if we look at the dollars out there, they have been roughly flat. i believe that the opportunity to tap into financial markets, to be able to tell someone you don't give me money and change the world, make money and change the world. cheryl: are you buying and selling shares? >> certainly recommending it. i certainly bought it and i am certainly happy with the results. it has performed beautifully. exactly how it has supposed to. we are very excited about morgan stanley embracing this. other groups are starting to do the due tillage -- due diligence

. philippe, you have a very boring life. [laughter] congratulations. thank you very much. philippe cousteau. dennis: protesters filled the streets in europe. we showed you received earlier. this is similar scenes in spain. ashley webster will check in. if you are a parent, you probably know this name, leap frog. investors ought to know about it also. i will be talking to the ceo next. first, take a look at the ten year treasury. ♪

cheryl: we are getting some breaking news. it looks like the nfl and referees have agreed. the lockout reps are close enough to a deal. union reps returning to the field coming up this sunday. dennis: we have been predicting that they would have to settle this week after that horrible packers seahawks call. the whole thing underscores two things. the u.s. economy. other companies get into fights with their employers. more than that, it is a

$10 billion business. [ talking over each other ] cheryl: we should also say that after monday night football you have some very angry football fans out there. anyway, wanted to bring back breaking news to all of you. "markets now" will be right back. ♪ eeds of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.

♪ cheryl: it has been a very busy, busy day for global markets. european markets and a sea of red. what is fueling worries across the pond? let's bring in ashley webster. the video alone is crazy. ashley: it has been a rough day for european market as worries about spain and greece has led to the biggest drop in the european markets and funds. we can show you that the ftse is down 1.5%. this is the scene -- well, the

pressure certainly starting to crank up on spain. the yield hitting 6% for the first time in a week. angry at anti-austerity measures. thousands of protesters surrounding government buildings in central madrid. a similar story in greece. we have seen this many times before. police clashing with protesters. there is a general strike in and anti-government rally turning violent. all of this as reports persist that the so-called international lenders cannot agree on the next steps for greece and how to enforce new reports and deadlines.

the number of french out of work rising to more than 3 million in august. that is the highest since june 1999. a lot of problems in europe. nothing is getting done. now we have disagreements between officials on how to reform the banking system to get it to where it can be called a true thinking union. here we go again. cheryl: i hope things do not get violent again in spain. ashley webster, very busy story for you. thank you very much. dennis, over to you. dennis: educational leader leapfrog shares are up over 136% in the past year. joining me now is ceo of leapfrog. thank you for being with us. your stock is up 130% -- 136% from last year. >> it is a seasonal business.

people are looking at what will happen in the holiday season. what is real important is the way we look at the future. the first time i came here a year ago, it more than doubled. we have grown faster than virtually any major company and our space. we have some of the hottest products. we have great momentum. i am pretty excited. dennis: pick up the legal pad to. nice little tablet there for kids. one thing i am really surprised that it is you have not been wiped out by the candle fire and ipad. now apple wants to come out with a smaller one. >> most of the tablets in the marketplace has been designed for adults. if a kid dropped it, it would probably break. this is the kid tough tablet. when it comes to buying a tablet for a child, the hardware is only part of the equation.

it is the books, music, videos and our tablet every single book, video, song that goes on this has either been developed were selected by one of our in-house development experts. that is what makes it different. dennis: how much is it from the actual device and how much of it is from software and content? >> the software part of the business, of course, is growing as more tablet to put into the marketplace. a bigger share of our business will be content as you look into the future. dennis: do you lose money on that device? amazon willing to lose money because it is using it to do other stuff. >> we do not lose money, but we do not make much money on the tablet. it is a vehicle for us. dennis: your most recent sales up 30%.

>> we will find out in the next few weeks. dennis: good. tell us about that outlet for christmas. generally, do you think it will be a big christmas shopping season? >> i think consumers will continue to be cautious. i think the marketplace, the holiday market will be probably flatly light or slightly up. in a marketplace where consumers are conservative, that usually means the products sell early. i would advise people to take advantage of some of these really great layaway programs. get the product that your child wants early this holiday season. nobody wants to disappoint a kid at holiday time. dennis: you also have this new leaps videogame. >> we are fortunate in the fact that we only develop products for children. we create great products that

help educate and entertain kids. the pad to is on a hot list. our leap pad was the hottest gift tablet of last holiday season. dennis: it is a good-looking machine. i am wishing you luck with that. thank you for being with us. >> think you. dennis: it is almost a quarter tilt the power. nicole, you have a stock market debut, i believe. nicole: that is right. this is banking. it is over in mexico. up six and a 3%. this is a mexican unit. it is the biggest listing to hit u.s. exchanges since facebook. heavy volume. a lot of yelling and trading going on as they open the stock.

you can see up six and a 3%. a nice start there. let's take a look at the dow jones industrial. you can see it going into the positive territory. now it is back in the red. it has been selling since last week. the fourth day in a row it is down. tech heavy nasdaq the worst of the bunch. back to you. cheryl: thank you. breaking news. according to espn, locked out reveries in the nfl are close, close enough to a deal that there has at least been discussion about these refs returning to the field this coming sunday. the two sides are close. no deal has been reached yet. dennis: .packers seahawks blown call which cost batters 300 log in dollars because of a wrong

call playing a major role in getting the nfl to drop this ego. they have been fighting over the idea. these guys do get up to $190,000 a year for 16 weeks and they have full-time jobs elsewhere. cheryl: wanted to bring that breaking news to all of you. we will transition out to the west coast minute. san francisco-based. wells fargo latest big bank being hit by a cyber attack. the same group that last week disrupt bank of america, chase and citi. the group has said it will attack u.s. bank corporation today. driverless cars having given the green light in california. governor jerry brown fighting a bill to allow the cars on the road. governor from throat to google northern campus. he said today science fiction is tomorrow's reality.

an update on a story brought to us we. sales design review board has approved amazon rain tower design for its new headquarter. huge panels of metal. it has been contested by residents. it was three-two. the biggest development model ever in downtown seattle. dennis: airlines are socking it to passengers with baggage fees. cheryl: let's take a look at today's winners and losers on the nasdaq. research in motion it is always a winner or a loser. we will be right back. ♪

♪ cheryl: about one thousand people protested outside the united nations today as president mahmoud ahmadinejad made his last speech as president of iran. purport cheryl, this was a less fiery speech that many people may have expected from president mahmoud ahmadinejad of iran. nonetheless, he took aim at his usual target, israel and the united states. he once again accused the israelis of being "a fake ever met" as he put it. he blamed united states for most of the world's problems. he said "it was time for a new world order."

[ inaudible ] >> the order that is rooted of slavery and are responsible for discrimination in every coordinate of the world. >> the new islamic president of egypt is now addressing the general assembly. he has followed up on president mahmoud ahmadinejad remarks on israel calling on the israelis to leave what he called occupied land. he has also said it is time to end the civil war in syria.

cheryl: thank you. dennis: like those classes, jonathan. u.s. airlines bringing in a record high. 1.7 oh yen dollars and baggage fees for the first half of this year. delta collected the most and baggage fees. $430 million january to june 2011. oil falling to its lowest level in seven months. below $90 a barrel for the first time since nearly august. sandra smith now. sandra: now is a great time to pull up that intraday chart. we have been a pretty dramatic swing in the price of oil today. right now we are looking at it down about two dollars on the session. a drop of about 2%. the height of the day is 91.34 a barrel. the low 88.95. we did drop below that 89 mark.

we are off of those flows right now. we are on pace to close below $90 a barrel. the first time since august 2 only close at 87.13. those are the numbers to watch today. all after an inventory report that came out that showed a drop of 2.4 million barrels. that would normally be bullish for this market. traders are focusing on inventory being 7% higher than they were at the same time last year indicating we are still seeing very light volume for gasoline and oil. here are gasoline prices. gas prices up hitting a three week high natural gas is the best performer on the cme today. up for out of last five sessions. these are crazy sessions right now. we are dipping as i hand it back

to you guys. we may see a close below $89. we will be back same time next our. dennis: thank you, sandra. cheryl: dallas, texas seems to be doing things right. they just had a budget surplus. dennis: melissa francis talks to the mayor to find out what other cities and lawmakers may be able to learn from his example. ♪ [ male announcer ] you are a business pro.

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it it out. the nfl will be forced to sell the referee thing this week. >> funny that melissa frances is anchoring this hour. this is seem less. melissa: dennis can see into the future and predicted this outcome. good afternoon to you. i am melissa frances. home prices are up a bed but

there was a drop in new-home sales but europe driving markets today massive and violent protests against much needed cuts in greece and spain have investors concerned. look at those pictures. from countries with big problems to american city on a rise dallas, texas adding jobs and have a budget surplus. it has a balanced budget in 2013. good economic news for you out there. we want to know what this city is doing right. the mayor joins me in moments. time for our government to sell off its strategic petroleum reserve or part of it. will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the